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ENGAGE WITH VISCOSITY

Case Studies , Database , Oracle database , Apex , low code

Turn Documents into Data in Seconds

By Jerry Ward
July 28, 2022

How a Scanning Application of Low Code Machine Learning Automates 80% of your Accounting Function 

 

July 28, 2022, Plano, Texas – Viscosity's COO and Head of Applications, Jerry Ward, presented a scanning application created by his team at the APEX Open Mic Night at ODTUG's Kscope22. This application was developed in Oracle APEX and can convert unstructured, raw data and documentation into organized and enriched data using advanced machine learning, eliminating the need for human data entry. It helped automate Viscosity's client accounting functionality eliminating the need for human data entry while rivaling its accuracy.

 

Every document that goes into or out of accounting, from spreadsheets to checks, bank statements, AP/AR invoices, and purchase orders, is classified and reconciled in real-time, enabling a continuous close for financing. At the center of this solution is Oracle Application Express, with its REST web service engine to integrate services across Banks, Treasury Management, AP, AR, Assets, and GL.

It works simply: ingest any document in any language and reconcile it, for example, a handwritten invoice, and it transforms it into data through leveraging AI. AI recognizes the text in seconds, replacing the low-level work required by human data entry that can take 20-30 minutes. Viscosity AI can do low-level work, allowing its clients to focus on the more significant, essential tasks. Low code, easy to run, maintain and extend with emerging technology, including AI, ML, and Blockchain in the Oracle Cloud. 

 

Benefits for customers:  

  • Integrate banks faster to support global rollout while adding $0 software costs. 
  • Handwriting recognition with 96% accuracy for field users 
  • The reduced closing period of financial reporting as AI/ML capacities make all processes have been automated.
  • Significant savings in discovering the value of paying the right supplier at the right time. 
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Jerry Ward

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Viscosity is a niche consulting firm specializing in Oracle and Microsoft, collaborating with our customers towards a data acquisition journey enriching data value while eliminating siloed data.
Viscosity was founded by industry and authored experts, who are renowned thought leaders with backgrounds in complex data governance and management.
Viscosity's core expertise includes data transformation, relational data architecture, emerging technology, high availability & scalability solutions, Cloud migrations, performance tuning, data integrations, Apex Development, and custom application development.

Viscosity's vast experience and business intellectual capability provide insight into what is driving data complexity. We walk alongside our customers to modernize their ANALYTICS and operational data delivering a DataOps platform for simplifying cloud infrastructure. Simultaneously reducing operating costs while freeing up resources for new business initiatives. Along the way, introducing best practices, for long-term success. Not only can we help reduce your data costs, but we will provide a path to improve data security, quality, and efficiency.
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